Question 29 A company has an ROI of 16% based on revenues of $400,000. The investment turnover is 2. What is the residual income if the cost of capital is 10%? $12,000 O $32,000 O $20,000 O $14,000 onn. 4

Question 29 A company has an ROI of 16% based on revenues of $400,000. The investment turnover is 2 . What is the residual income if the cost of capital is 10% ? $12,000 $32,000 $20,000 $14,000